Brokerages Anticipate Yirendai Ltd. (YRD) to Announce $0.78 EPS

Shares of Yirendai Ltd. (NYSE:YRD) have been given an average broker rating score of 2.67 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Analysts have set a 1-year consensus price target of $38.50 for the company and are predicting that the company will post $0.78 earnings per share for the current quarter, according to Zacks. Zacks has also given Yirendai an industry rank of 108 out of 265 based on the ratings given to its competitors.

Several research firms have recently issued reports on YRD. ValuEngine cut Yirendai from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded Yirendai from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $42.00 target price (up from $33.00) on shares of Yirendai in a report on Tuesday, August 1st. They noted that the move was a valuation call.

Shares of Yirendai (NYSE:YRD) opened at 51.30 on Tuesday. The firm has a 50-day moving average price of $43.72 and a 200-day moving average price of $31.93. The stock has a market capitalization of $3.07 billion, a PE ratio of 15.06 and a beta of 8.52. Yirendai has a 1-year low of $19.85 and a 1-year high of $51.40.

Yirendai (NYSE:YRD) last released its quarterly earnings data on Tuesday, August 1st. The technology company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.04). The business had revenue of $773.79 million for the quarter, compared to analyst estimates of $153.78 million. Yirendai had a return on equity of 80.79% and a net margin of 32.37%. The company’s revenue was up 343.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 earnings per share. On average, equities research analysts forecast that Yirendai will post $2.93 earnings per share for the current year.

The company also recently announced a special dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a $1.50 dividend. The ex-dividend date was Thursday, September 28th. Yirendai’s payout ratio is currently 45.40%.

Several institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of Yirendai by 4.2% in the 2nd quarter. Principal Financial Group Inc. now owns 31,505 shares of the technology company’s stock valued at $788,000 after purchasing an additional 1,283 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Yirendai by 24.5% in the 1st quarter. Bank of America Corp DE now owns 7,644 shares of the technology company’s stock valued at $192,000 after purchasing an additional 1,504 shares during the last quarter. Navellier & Associates Inc lifted its holdings in shares of Yirendai by 11.5% in the 2nd quarter. Navellier & Associates Inc now owns 18,048 shares of the technology company’s stock valued at $451,000 after purchasing an additional 1,861 shares during the last quarter. Global X Management Co. LLC lifted its holdings in shares of Yirendai by 399.0% in the 2nd quarter. Global X Management Co. LLC now owns 8,224 shares of the technology company’s stock valued at $206,000 after purchasing an additional 6,576 shares during the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of Yirendai in the 1st quarter valued at about $176,000. 6.87% of the stock is owned by institutional investors and hedge funds.

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About Yirendai

Yirendai Ltd. is engaged in online consumer finance marketplace business in China. The Company conducts its business in China, through Yi Ren Heng Ye Technology Development (Beijing) Co, Ltd. (Heng Ye) and its consolidated variable interest entity, Heng Cheng Technology Development (Beijing) Co, Ltd.

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